Bromine price in China has been on the down trend since the end of Q2, 2013. Now it is close to multi-year low. This implies that GURE will for sure have a very poor Q3, 2013 unless management cook its book. If GURE has stoped bromine production since August, 2013 as suggested by many industry websites in China, GURE revenue should plunge and post loss for Q3, 2013.
GURE management should issue a PR now to confirm that it is still in business to produce bromine.
Bromine has gone down recently but it's been steady or up in Q3 so how will the recent downtrend affect Q3? Also GURE has indicated in the past that they have contracts to supply bromine, it doesn't sound like they sell it on the open market so day-to-day price fluctuations means nothing, trends matter. From various indicators (like Great Lakes hiking Bromine prices by 20% earlier in the year, and trends in Asia and elsewhere) it seems like bromine will rise in the near term.
None of the movements today are based on heavy volume; and any sustained buying pushes the price up pretty quickly (i.e. went from 1.62 to 1.71 on light volume). When (not if) there is a short squeeze it's going to hurt. Shorts are stuck trying to pick off low prices inter-day for low volume but covering their positions before the next price jump may not be possible.
There's just not the interest from buyers out there yet for this stock, however improved outlook for China or for commodities will change. I'm waiting for the domestic market to stabilize and for GURE to look to expand trade internationally.
---When (not if) there is a short squeeze it's going to hurt. Shorts are stuck trying to pick off low prices inter-day for low volume but covering their positions before the next price jump may not be possible.
ROFLMAO try looking at a long term chart of this POS . You have to be a BLOODY idiot to think there'll EVER be a short squeeze on this joke of a company. 8K has insiders DUMPING!!!!!!! Try reading it sometime dolt.
"Implies","suggested","should"? You don't have any facts.Here's one for you. Rumor mongers make like you make my - - - tired. Do you really think posting that bull on this shallowly followed board will create such a panic your short covers will pick up that much? You just take up space. Leave the room for some of those that have intelligent information.